Quotes of GOLD continue to move as part of growth. At the time of the publication of the forecast, the price of Gold is 1221 Dollars per Troy Oz. At the moment, we should expect an attempt to test the support level near the 1215 area. Where should we expect a rebound and the continued growth in the price of GOLD with the target above the level of 1240.
XAU/USD forecast GOLD & analysis November 20, 2018
In favor of the growth of XAU/USD quotes, a test of the trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the bullish channel. Cancellation of the option of rising gold prices will fall and the breakdown of the area of 1210. This will indicate a breakdown of the support area and a continued decline to the area below 1195. Expect confirmation of the growth of XAU/USD quotes with the breakdown of the resistance area and closing above the level of 1230.
XAU/USD forecast GOLD & analysis November 20, 2018 implies an attempt to test the support area near the level of 1215. Further, the growth of quotations with a target above 1240 will continue. Cancellation of the price increase for GOLD prices will fall and a breakdown of the 1200 level. This will indicate a breakdown of support, in this case, we should expect the continuation of the fall of Gold below the level of 1210.
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